Lindblom - The Market System - Afghan Journalists' Committee

296 IndexStakeholder society, 256State: functions, 8–9, 42–43; assistanceto enterprises, 78–79; policyon spillovers, 151–52; policyon monopoly, 254; as buyer andseller, 257; as price fixer, 258; inpursuit of collective goals, 258;regulation of enterprises, 282State-market relations: two modelsof, 256–58; regulation versussupport, 257; market as state administrativeinstrument, 258–64; purchases, taxes, and subsidiesas administrative tools,260–64, 266Subsidies: creating arbitrary prices,158; for good purposes, 159, 261–64; as state administrative tool,260–64, 266; as political handouts,262–63Substitution: and monopoly, 156;and freedom, 188Thermodynamics, laws of: andefficiency, 124“Third Way,” 1Tönnies, Ferdinand, 195Transaction termination, 153–55,186“Trickle down” theory, 249Underclass, 256Unemployment, 59, 115, 122,154–55Voluntarism: in market interchanges,53–54, 90, 92–93, 94;as obstruction to efficiency, 92–95, 166–69; fundamental, 276.See also Prior determinationsVoting with money: mass participation49; compared withballoting, 71–75; democratictheory, 73Want satisfaction: not market-systempurpose, 40; wants not satisfied,210–11Welfare state: socialist aspirations,1, 79–80; supplements quid proquo, 115; and incentives, 116–17; problems of, 255; here tostay, 255; and new underclass,256Women, entry of: into marketsystem, 253Work: does not define marketdomain, 88–89; degradationof, 203–4; Aristotle on, 204;in communist systems,204